Newrange Gold Closes Second Tranche of Private Placement
VANCOUVER, BC --(Marketwired - March 23, 2018) - Newrange Gold
Corp. (TSX VENTURE: NRG) (OTCQB: NRGOF) (FRANKFURT: X6C) ("Newrange" or the "Company") is pleased to announce the closing of the second and final
tranche of a private placement by issuing 518,000 units (the "Units") at a price of CAD $0.28 per Unit (the
"Private Placement"), for gross proceeds of CAD $145,040, subject to TSX Venture Exchange
("TSXV") approval.
Each Unit consists of one common share and one-half share purchase warrant (the "Warrants"). Each whole
Warrant entitles the holder to purchase one additional common share for a two (2) year period at a price of $0.45 per share. The
Warrants may be accelerated under certain terms if the closing price of the Company's common shares on the TSXV exceeds $0.75 for
any 20 consecutive trading days.
The proceeds of the Private Placement will be used to advance the Company's high-grade Pamlico gold project in Nevada where
drilling is underway. A finder's fee or commission equal to 7% cash and 7% brokers warrants will be payable upon $21,000 in
respect of tranche one to this financing.
About Newrange Gold Corp.
Newrange is an aggressive exploration and development company focused on near to intermediate term production opportunities in
favorable jurisdictions, including Nevada and Colombia. Focused on developing shareholder value through exploration and
development of key projects, the Company is committed to building sustainable value for all stakeholders. Further information can
be found on our website at www.newrangegold.com.
Signed: "Robert G. Carrington"
President & CEO
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for
the adequacy or accuracy of this release. Forward-Looking Statement: Some of the statements in this news release contain
forward-looking information that involves inherent risk and uncertainty affecting the business of Newrange Gold Corp. Actual
results may differ materially from those currently anticipated in such statements.